Other (Income)/Expense, net

6 Months Ended

Jun. 30, 2014

Other (Income)/Expense, net [Abstract]

Other (Income)/Expense, net

6. Other (Income)/Expenses, net

The components of Other (income)/expenses, net, are:

	Three months ended June 30,		Six months ended June 30,
(in thousands)	2014	2013	2014	2013
Currency transactions	($1,397)	$1,894	($1,903)	$1,903
Bank fees and amortization of debt issuance costs	285	377	597	998
Gain on insurance recovery	(961)	-	(961)	-
Other	(60)	(60)	(333)	44
Total	($2,133)	$2,211	($2,600)	$2,945

In July 2013, the Company's manufacturing facility in Germany was damaged by severe weather. At that time, the Company expensed the remaining book value of the damaged property, but that value was minimal. In the second quarter of 2014, we recorded a gain equal to proceeds received.